Matson Secures Attractive New Financing Arrangements - Enters into agreement for $75 million 30-year Senior Unsecured Notes at Fixed Rate of 3.92%- Amends and upsizes existing unsecured revolving credit facility for new five-year term and amends existing long-term private debt note agreements

HONOLULU, July 30, 2015 /PRNewswire/ -- Matson, Inc. ("Matson" or the "Company") (NYSE: MATX), a leading U.S. carrier in the Pacific, today announced that it has entered into a private placement agreement pursuant to which Matson expects to issue $75 million of 30-year senior unsecured notes (the "Notes").  The Notes will have a weighted average life of approximately 13 years and will bear interest at a rate of 3.92 percent, payable semi-annually. The Notes are expected to be issued in September 2015, subject to satisfying customary closing conditions, and the proceeds are expected to be used for general corporate purposes, which may include paying down the Company's revolving credit...